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USD/CHF technical analysis: Greenback loses steam against Swissy, trades near 0.9930 level

Summary:
USD/CHF erased its intraday gains, settling near the 0.9930 level.  Support is seen at the 0.9920 level. USD/CHF daily chart On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The spot is holding just above the 50 SMA today at the 0.9921 level. USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF four-hour chart USD/CHF is retracing down from the current November highs while challenging the 0.9920 level and 200 SMA. If the buyers give up, the spot can continue to decline towards the 0.9899 and 0.9855 support levels, according to the Technical Confluences Indicator.  USD/CHF four-hour chart(see more posts on USD/CHF, ) - Click to enlarge USD/CHF 30-minute chart USD/CHF is trading

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  • USD/CHF erased its intraday gains, settling near the 0.9930 level. 
  • Support is seen at the 0.9920 level.

USD/CHF daily chart

On the daily chart, USD/CHF is trading in a range below its 200-day simple moving average (DMA). The spot is holding just above the 50 SMA today at the 0.9921 level.

USD/CHF daily chart

(see more posts on USD/CHF, )
USD/CHF technical analysis: Greenback loses steam against Swissy, trades near 0.9930 level

- Click to enlarge

USD/CHF four-hour chart

USD/CHF is retracing down from the current November highs while challenging the 0.9920 level and 200 SMA. If the buyers give up, the spot can continue to decline towards the 0.9899 and 0.9855 support levels, according to the Technical Confluences Indicator. 

USD/CHF four-hour chart

(see more posts on USD/CHF, )
USD/CHF technical analysis: Greenback loses steam against Swissy, trades near 0.9930 level

- Click to enlarge

USD/CHF 30-minute chart

USD/CHF is trading below the main SMAs, suggesting a bearish bias in the short term. Resistance can be found near the 0.9951/61 zone and the 0.9982 level, according to the Technical Confluences Indicator.

USD/CHF 30-minute chart

(see more posts on USD/CHF, )
USD/CHF technical analysis: Greenback loses steam against Swissy, trades near 0.9930 level

- Click to enlarge


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